Russian trade with Mongolia in the 4th quarter of 2016

by Russian Foreign Trade
based on data from the Federal Customs Service of Russia

The Report on Russia’s foreign trade in goods with Mongolia in the fourth quarter of 2016: exports, imports, products, dynamics.

Russia’s Trade with Mongolia

In the 4th quarter of 2016, Russia’s trade with Mongolia was $269,692,636, down 15.29% ($48,690,610) from the 4th quarter of 2015.

Russia’s exports to Mongolia in the 4th quarter of 2016 were $260,112,391, down 15.94% ($49,333,075) from the 4th quarter of 2015.

Russia’s imports from Mongolia in the 4th quarter of 2016 totaled $9,580,245, up 7.19% ($642,465) from the 4th quarter of 2015.

Russia’s trade surplus with Mongolia in the 4th quarter of 2016 was $250,532,146, a 16.63% decrease ($49,975,540) over the 4th quarter of 2015.

Mongolia was Russia’s 60th largest trading partner in the 4th quarter of 2016 (down from 58th in the 4th quarter of 2015), accounting for 0.1979% of Russia’s total trade (down from 0.2435% in the 4th quarter of 2015).

Mongolia was Russia’s 49th largest export market in the 4th quarter of 2016 (down from 45th in the 4th quarter of 2015), accounting for 0.3103% of Russia’s total exports (down from 0.3754% in the 4th quarter of 2015).

Mongolia was Russia’s 96th largest supplier in the 4th quarter of 2016 (up from 98th in the 4th quarter of 2015), accounting for 0.0183% of Russia’s total imports (down from 0.0185% in the 4th quarter of 2015).

Russia’s Exports to Mongolia

The major share of Russian exports to Mongolia in the 4th quarter of 2016 (and in the 4th quarter of 2015) was accounted for the following product types:

Mineral products (HS codes 25-27) - 60.36% of Russia’s total exports to Mongolia (74.69% in the 4th quarter of 2015);

Machinery, equipment and vehicles (HS codes 84-90) - 11.36% of Russia’s total exports to Mongolia (4.95% in the 4th quarter of 2015);

Chemical products (HS codes 28-40) - 7.94% of Russia’s total exports to Mongolia (4.22% in the 4th quarter of 2015);

Metals and products from them (HS codes 72-83) - 0.97% of Russia’s total exports to Mongolia (1.75% in the 4th quarter of 2015).

The largest gains in Russia’s exports to Mongolia in the 4th quarter of 2016 over the 4th quarter of 2015 were recorded for the following product groups:

Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $17,614,238;